0
Chances are, you never wrote a check. You simply gave them access to your bank account, allowing them to make a deposit and conduct an ACH debit to get their payment. This is not the same thing as writing a bad check. Failing to pay a payday loan is not illegal, and it is not check fraud, or whatever term they may be using to try to scare you. If payday loans are legal in your state, they may be able to take you to court civilly, as you would with any other defaulted loan. You will need to contact your state financial regulatory agency to find out if payday loans are legal there.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Can you prosecute a hot check on payday loan in Texas?
can you prosecute a hot check on payday loan
What is meant by the term payday loan no credit check?
The term "payday loan no credit check" means that the payday loan you request does not require a check that you and the company you recieve the loan from both have enough credit to carry out the transaction.
Does defaulting on a payday loan constitute check fraud?
Defaulting on a payday loan does not, in and of itself, constitute check fraud.
What exactly is payday advance?
Payday advaced is a small loan company that will loan you money until your payday. Usually they set it up to where the money they loan you comes out of your payday check.
Where can someone get a fast payday loan?
A fast payday loan can be found online. Websites like Check N Go, Cash Net USA, and Advance America offer this service. Be sure to check state laws when asking for a payday loan.
Can you get a payday loan on your usdirectexpress card?
A payday loan requires a valid, voided, check, bank statements, check stubs, and the routing and checking numbers. The US direct express card alone will not be enough security in order to take out a payday loan.
Can a payday loan company file charges for check fraud from a payday loan in 2005 in North Carolina and what are the statutes of limitations on this?
i would like to know thw same thing because i have a payday loan and they are callin my job and telling my boss i have had check fraud
Where do you get payday loan?
There are many payday loan businesses. They will cash a check for you which you pay back with interest when you receive your pay check. The names of these companies usually contain the word "check" such as Check Into Cash, Check 4 Check, etc.
If you go to the cash and check location can you get a payday loan with no faxing?
I don't think you can go to a cash and check location to get a payday loan with no faxing, but there are easily tons of locations online and locally that can help you find payday loans?
If you default on a payday loan can you get arrested in the state of Texas?
No, but it will more than likely raise the the amount you have to payback due to penalties and late fees. It will also put a bad mark on your credit score. My concern would be greater though as most Payday loan places hold a personal check as collateral which they cash if you default on your loan. If there is not enough money to cover that check, then the check will bounce. And bouncing a check or writing a "hot check" is a crime in Texas if the person reports it as such.
How do you Get a payday loan unemployed and bad credit?
You can't get a payday loan without a payday. The loan is made as an advance on your next payroll check. If you are unemployed they have nothing to lend on and have no reason to believe you have the means to pay it back.
Does applying a payday loan harm your credit score?
Applying for a Payday Loan will not affect your credit Rating. Some lenders do not need a credit check to approve a loan for you.
